by Bill Bonner
OUZILLY, France – We’re going back to basics here at the Diary. We’re getting everyone on the same page… learning together… connecting the dots… trying to figure out what is going on.
[…] We made a breakthrough when we identified the source of so many of today’s bizarre and grotesque trends. It’s the money – the new post-1971 dollar. This new dollar is green. You can buy things with it.
Yes, it has lost more than 80% of its buying power since it was put in place. But still, it’s not so bad. Compared with the Argentine peso (current inflation rate: 47% a year), it is splendidly solid.